Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 32,485 shares of Rubrik stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the completion of the transaction, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at approximately $15,535,917.15. This represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Arvind Nithrakashyap also recently made the following trade(s):
- On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $74.85, for a total value of $2,431,502.25.
- On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The shares were sold at an average price of $64.89, for a total value of $14,768,704.44.
- On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.46, for a total value of $2,061,498.10.
- On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The stock was sold at an average price of $67.66, for a total transaction of $2,198,882.34.
Rubrik Stock Down 1.1 %
Shares of RBRK traded down $0.82 during mid-day trading on Friday, hitting $74.52. 1,789,861 shares of the company traded hands, compared to its average volume of 1,958,402. The stock has a 50-day moving average price of $67.78 and a two-hundred day moving average price of $47.86. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $79.05.
Institutional Trading of Rubrik
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Champlain Investment Partners LLC purchased a new position in shares of Rubrik during the 3rd quarter valued at $44,418,000. Point72 Asset Management L.P. purchased a new stake in shares of Rubrik during the third quarter worth about $42,247,000. PointState Capital LP bought a new stake in Rubrik during the 3rd quarter valued at approximately $40,466,000. Institutional Venture Management XV LLC lifted its holdings in Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock worth $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in Rubrik in the 3rd quarter worth approximately $35,359,000. Hedge funds and other institutional investors own 49.54% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on RBRK. Cantor Fitzgerald boosted their price target on shares of Rubrik from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Citigroup raised their target price on Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Rosenblatt Securities started coverage on Rubrik in a research report on Tuesday, December 17th. They set a "neutral" rating and a $77.00 price target on the stock. William Blair started coverage on Rubrik in a research note on Friday. They set a "market perform" rating on the stock. Finally, Oppenheimer started coverage on shares of Rubrik in a report on Wednesday, November 13th. They set a "market perform" rating for the company. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.67.
Get Our Latest Stock Analysis on RBRK
About Rubrik
(
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Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.
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